Al Naqool 2021 net profit up 42% to SAR 9.2 mln
31/03/2022
Argaam Exclusive
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Mohammed Hasan Al Naqool Sons Co., which was listed on Nomu–Parallel Market in June, reported a net profit after Zakat and Tax of SAR 9.2 million in 2021, a 42% increase compared to SAR 6.5 million the year before.
Financials (M)
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 44.84 | 53.32 | 18.9 % |
| Gross Income | 10.21 | 11.01 | 7.9 % |
| Operating Income | 6.58 | 8.16 | 23.9 % |
| Net Income | 6.48 | 9.20 | 42.1 % |
| Average Shares | 2.90 | 2.90 | - |
| EPS (Riyals) | 2.23 | 3.17 | 42.1 % |
The company attributed the rise in net profit to an 18.9% increase in revenues and a 4.4% drop in operating costs, along with a 9.2% decrease in administrative expenses in 2021. Al Naqool also logged SAR 1.2 million in net profit as a result of its investment in the Graphene Venture Fund.
Compared With The
Current Half Annual Comparison (M)
| Item | H2 2020 | H2 2021 | Change |
|---|---|---|---|
| Revenues | 26.03 | 30.08 | 15.5 % |
| Gross Income | 7.39 | 4.97 | (32.7 %) |
| Operating Income | 5.02 | 4.00 | (20.2 %) |
| Net Income | 4.96 | 5.16 | 4.1 % |
| Average Shares | 2.90 | 2.90 | - |
| EPS (Riyals) | 1.71 | 1.78 | 4.1 % |
Shareholders’ equity, excluding minority interest, stood at SAR 50.229 million as of Dec. 31, 2021, compared to SAR 41.023 million a year earlier.
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| H1 2021 | 23.25 | 23.6 % | 6.04 | 114.2 % | 4.16 | 165.0 % |
| H2 2021 | 30.08 | 15.5 % | 4.97 | (32.7 %) | 4.00 | (20.2 %) |
| 2021 | 53.32 | 18.9 % | 11.01 | 7.9 % | 8.16 | 23.9 % |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
|---|---|---|---|---|---|---|
| H1 2021 | 4.04 | 166.2 % | 1.39 | - | 4.04 | 1.39 |
| H2 2021 | 5.16 | 4.1 % | 1.78 | - | 5.16 | 1.78 |
| 2021 | 9.20 | 42.1 % | 3.17 | - | 9.20 | 3.17 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| H1 2021 | 27.25 % | 27.07 % | 18.27 % |
| H2 2021 | 20.65 % | 22.61 % | 17.26 % |
| 2021 | 20.65 % | 22.61 % | 17.26 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| H1 2021 | 2.90 | 3.10 | 3.10 | 15.54 |
| H2 2021 | 2.90 | 3.17 | 3.17 | 17.32 |
Multiple Ratios (End of Period Price)
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| H1 2021 | 36.27 | 36.27 | 7.25 |
| H2 2021 | 55.64 | 55.64 | 10.20 |
| Current | |
| Market Cap (M Riyal) | 145.00 |
| Enterprise Value (EV) (M) | 162.63 |
| Shares Outstanding ((M)) | 2.90 |
| Book Value (BV) ( Riyal) | 17.30 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | Neg |
| Price/book | 2.89 |
Share Price
Mohammed Hasan AlNaqool Sons Co. (ALNAQOOL)
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